Olaine, August 15, 2016

Sales of Olainfarm in July Increase by 35%

Preliminary consolidated data of AS Olainfarm for July 2016 shows that sales have reached 10.05 million euros, which represents an increase by 35% compared to the same period of 2015.  The biggest sales increase took place in The Netherlands, where sales grew by 151%.  Sales to Poland grew by 97%, but sales to Russia grew by 46%.  Major sales markets during July were Russia, Latvia, Ukraine, The Netherlands and Belarus.

Sales of pharmacy chain of SIA Latvijas aptieka in July 2016 were 1.38 million euros, which represents an increase by 6% compared to the same period one year ago.   Fifty - eight pharmacies were operating during this period. Sales of green pharma company Silvanols during July 2016 were 0.32 million euros, which represents an increase by 100% compared to the same period of 2015. Products of SIA Silvanols during this period were sold to three European countries.  Producer of elastic medical materials SIA Tonus Elast in July 2016 were 0.52 million euros, and its products were sold to 11 countries in three continents.

According to preliminary consolidated data, in seven months of 2016 sales of AS “Olainfarm” reached 63.58 million euros, which represents an increase by 9% compared to the same period of one year ago. The most rapid sales increase in seven months was achieved in Uzbekistan, where sales grew by 106%.  Sales to Turkmenistan grew by 88%, sales to Ukraine grew by 45% and sales to Belarus grew by 39%.  The major sales markets in seven months of 2016 were Russia, Latvia, Ukraine and Belarus.

Sales of pharmacy chain of SIA Latvijas aptieka in seven months of 2016 were 10.8 million euros, which represents an increase by 14% compared to the same period one year ago.   Sales of green pharma company Silvanols during July 2016 were 2.7 million euros, which represents an increase by 23% compared to the same period of 2015. Products of SIA Silvanols during this period were sold to eleven European countries and with mediation of AS Olainfarm, also to Albania, Kosovo, Azerbaijan, Kazakhstan, Belarus and Russia.  Producer of elastic medical materials SIA Tonus Elast in two months of 2016 were 1.37 million euros.

According to preliminary unconsolidated figures, sales of AS Olainfarm in July 2016 were 8.54 million euros, which represents an increase by 28% compared to the same period of 2015. The biggest sales increase was achieved in The Netherlands, where the sales grew by 151%.  Sales to Poland increased by 97%, but sales to Turkmenistan increased by 39%.  The biggest sales markets were Russia, Ukraine, Latvia, The Netherlands and Belarus. In total, during July 2016, products of AS Olainfarm were sold to 26 countries in three continents.